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Estimation of Import Demand Function in Russia

Author

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  • Alexander Knobel

    (Gaidar Institute for Economic Policy)

Abstract

Research is devoted to the analysis of import demand function in Russia. On the basis of the proposed methodology the author estimates econometric model for a full range of imported goods in the last decade (2000–2010). Product groups are ranked by the impact of customs duties and the real exchange rate fluctuations on import. The author proposes estimation of dynamics of import demand sensitivity to changes in the real effective exchange rate and to fluctuations in import prices.

Suggested Citation

  • Alexander Knobel, 2012. "Estimation of Import Demand Function in Russia," Working Papers 0054, Gaidar Institute for Economic Policy, revised 2013.
    • Handle: RePEc:gai:wpaper:0054
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    References listed on IDEAS

    as
    1. Carone, Giuseppe, 1996. "Modeling the U.S. demand for imports through cointegration and error correction," Journal of Policy Modeling, Elsevier, vol. 18(1), pages 1-48, February.
    2. Santos-Paulino, Amelia U., 2002. "The Effects of Trade Liberalization on Imports in Selected Developing Countries," World Development, Elsevier, vol. 30(6), pages 959-974, June.
    3. Morris Goldstein & Mohsin S. Khan, 2017. "Income and Price Effects in Foreign Trade," World Scientific Book Chapters, in: TRADE CURRENCIES AND FINANCE, chapter 1, pages 3-81, World Scientific Publishing Co. Pte. Ltd..
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    6. Hamori, Shigeyuki & Matsubayashi, Yoichi, 2001. "An empirical analysis on the stability of Japan's aggregate import demand function," Japan and the World Economy, Elsevier, vol. 13(2), pages 135-144, April.
    7. Menzie D. Chinn, 2004. "Incomes, Exchange Rates and the US Trade Deficit, Once Again," International Finance, Wiley Blackwell, vol. 7(3), pages 451-469, December.
    8. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
    9. Xu, Xinpeng, 2002. "The dynamic-optimizing approach to import demand: a structural model," Economics Letters, Elsevier, vol. 74(2), pages 265-270, January.
    10. Boyd, Derick & Caporale, Gugielmo Maria & Smith, Ron, 2001. "Real Exchange Rate Effects on the Balance of Trade: Cointegration and the Marshall-Lerner Condition," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 6(3), pages 187-200, July.
    11. Ulrich R. Kohli, 1982. "Relative Price Effects and the Demand for Imports," Canadian Journal of Economics, Canadian Economics Association, vol. 15(2), pages 205-219, May.
    12. Masih, Rumi & Masih, Abul M. M., 2000. "A Reassessment of Long-Run Elasticities of Japanese Import Demand," Journal of Policy Modeling, Elsevier, vol. 22(5), pages 625-639, September.
    13. Abdelhak Senhadji, 1998. "Time-Series Estimation of Structural Import Demand Equations: A Cross-Country Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 45(2), pages 236-268, June.
    14. Kenneth W. Clements & Antony Selvanathan & Saroja Selvanathan, 1996. "Applied Demand Analysis: A Survey," The Economic Record, The Economic Society of Australia, vol. 72(216), pages 63-81, March.
    15. Jaime Marquez, 2000. "The Puzzling Income Elasticity of US Imports," Econometric Society World Congress 2000 Contributed Papers 1128, Econometric Society.
    16. Marquez, Jaime, 1994. "The Econometrics of Elasticities or the Elasticity of Econometrics: An Empirical Analysis of the Behavior of U.S. Imports," The Review of Economics and Statistics, MIT Press, vol. 76(3), pages 471-481, August.
    17. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
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    Citations

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    Cited by:

    1. Alexandra V. Bozhechkova & Alexander Yu. Knobel & Pavel V. Trunin, 2022. "Платежный Баланс Во Втором Квартале 2022 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 8, pages 12-14, August.
    2. Alexander Knobel & Bekhan Chokaev, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," Working Papers 0107, Gaidar Institute for Economic Policy, revised 2014.
    3. Polbin, Andrey & Fokin, Nikita, 2020. "Modeling the dynamics of import in the Russian Federation using the error correction model," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 59, pages 88-112.
    4. Knobel, Alexander, 2016. "The influence of services trade liberalization on service flows and industry productivity in CIS countries and Russia," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 44, pages 75-99.
    5. Zubarev Andrei & Shilov K. & Trunin Pavel & Bozhechkova Alexandra & Deryugin Alexander & Belev Sergey & Vedev Alexey & Drobyshevsky Sergey & Kaukin Andrey & Knobel Alexander & Miller Evgenia, 2020. "Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-economic Development," Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 1-38, July.
    6. Alexandra V. Bozhechkova & Alexander Yu. Knobel & Pavel V. Trunin, 2022. "Balance of Payments in Q2 2022 [Платежный Баланс Во Втором Квартале 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 12-14, August.
    7. Shumskaya Svetlana S., 2013. "Empirical assessment of influence of changes of private real effective exchange rate (REER) of Ukrainian hryvna (UAH) on export and import flows in the context of types of economic activity (TEAs)," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 1, pages 291-303.
    8. Kaukin, Andrei & Idrisov, Georgij, 2013. "The gravity model of foreign trade in Russia: the case of a large area of the country with the longest border," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 133-145, August.
    9. Knobel, Alexander (Кнобель, Александр) & Sedalishchev, Vladimir (Седалищев, Владимир), 2017. "Risks and Benefits for EAEU from Various Integration Scenarios in Asia-Pacific Region [Риски И Выгоды Для Еаэс От Различных Сценариев Интеграции В Азиатско-Тихоокеанском Регионе]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 72-85, April.

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    More about this item

    Keywords

    import demand; intertemporal choice; panel data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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